Agricultural production in Africa could contract by up to 7% as trade blockages and supply chain disruptions caused by the coronavirus crisis hit food markets. Of the 48 countries globally with serious or alarming hunger levels, 34 are on the continent. This week’s picksFrom the continentNigeria plans to end decades of fuel subsidies following the collapse of oil prices in recent weeks due to the Saudi-Russia price war. More: BloombergThe funding needs of sub-Saharan governments could increase by as much as $75 billion due to the economic impact of the coronavirus crisis, according to investment bank Goldman Sachs. More: New York TimesGDP across Africa will contract by between 2.1% and 5.1% in 2020 due to the coronavirus crisis, according to the World Bank’s latest regional outlook.

Source: The North Africa Journal April 10, 2020 08:48 UTC